A company made net sales revenue of $500,000,and cost of goods sold totaled $300,000.Calculate its gross profit percentage.
A)40%
B)60%
C)125%
D)325%

Name: A company made net sales revenue of $500,000,and cost of goods sold totaled $300,000.Calculate its gross profit percentage. A)40% B)60% C)125% D)325%
Brand: Quizplus
Rating: 4.9 (32 reviews)

Question

Quizplus · Accepted Answer

Gross profit = Sales revenue - Cost of goods sold = $500,000 - $300,000 = $200,000
Gross profit percentage = Gross profit / Sales revenue = $200,000 / $500,000 = 40%

A Company Made Net Sales Revenue of $500,000,and Cost of Goods